bussines news

Aerospace company Boeing has appointed Henok Teferra Shawl as Managing Director for Boeing Africa to strengthen the company’s operations and relationships across the African continent, Times Aerospace reported. Based in Addis Ababa, Ethiopia, Henok Teferra Shawl reports to Kuljit Ghata-Aura, president of Boeing Middle East, Türkiye, Africa, and Central Asia (METACA), according to the report. …

Boeing Appoints Henok Teferra Shawl Of Ethiopia As Managing Director For Africa Read More »

The International Air Transport Association (IATA) announced strengthened profitability projections for airlines in 2023, which will then largely stabilize in 2024. IATA’s outlook mentioned that net profitability at the global level is expected to be well below the cost of capital in both years. Very significant regional variations in financial performance remain. Airline industry net …

Airlines Set To Earn 2.7% Net Profit Margin On Record Revenues In 2024: IATA Read More »

There is immense potential for trade and investment in Africa while addressing the challenges and opportunities that lay ahead,  Chairman and CEO of Investment Center of Africa (ICOA) Abdinasir Turkey said. The 2nd Africa Trade and Investment Summit held today in Addis Ababa, aims to showcase success stories and best practices from entrepreneurs and investors …

Africans Urged To Tap Their Immense Trade, and Investment Potential By Addressing Challenges Read More »

The second African Trade and Investment Summit kicked off today in Addis Ababa to showcase success stories and best practices from entrepreneurs and investors who are making a positive impact in the continent. The has brought together more than 300 participants, including government officials, investors, policymakers, entrepreneurs, and diplomatic corps from Africa and around the …

2nd Africa Trade, Investment Summit Underway in Addis Ababa Read More »

Ethiopian Airlines announced preparation to introduce a new freighter route to Casablanca, Morocco, the first of its kind in the Maghreb region.  Climbing the Atlas range, this addition brings Ethiopian Airlines’ total African freighter destinations to 34, delivering reliable and efficient services. In its seventy-seven years of successful operations, Ethiopian, the fastest-growing airline, has become …

Ethiopian Airlines To Introduce A New Freighter Route To Casablanca, Morocco Read More »

Agricultural and Rural Development Standing Committee of the National People’s Congress affirmed China’s commitment to elevate its existing trade relations with Ethiopia. The Chinese parliamentary delegation led by Du Jiahao along with the Deputy Speaker of the House of Peoples Representatives of Ethiopia, Lomi Bedo, and other members of the house has visited AMG Coffee …

China Keen On Elevating Trade Relations With Ethiopia Read More »

Ambassador Lencho Bati participated in the Jezan Investment Forum held for two days in Jezan, Saudi Arabia. During the sideline meeting, Ambassador Lencho Bati held discussions with Jezan City Governor Prince Muhammad bin Nasser and Deputy Governor Prince Muhammad bin Abdulaziz bin Muhammad Al Saud and conferred on potential economic cooperation between the two countries. …

Saudi Businesses Invited To Invest In Agriculture, Mining Sectors In Ethiopia Read More »

The trade agreement signed between Ethiopia and Pakistan in February 2023 would enhance the bilateral relationship between the two countries to a new level, according to Trade and Regional Integration Minister Gebremeskel Chala. The minister made the remark at a discussion the House of People’s Representatives Trade and Tourism Affairs Standing Committee held with stakeholders. …

Ethiopia, Pakistan Trade Agreement To Take Bilateral Relations To New Level, Says Minister Read More »